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PRGO

Perrigo

09:23
07/31/17
07/31
09:23
07/31/17
09:23

Perrigo and Aveva announce launch of scopolamine patch

Perrigo and its co-development partner Aveva Drug Delivery Systems an Apotex Company announced the prescription pharmaceutical launch of scopolamine 1.5 mg transdermal system patch, the AB rated generic equivalent to Transderm Scop. Transderm Scop transdermal system patch is an anticholinergic indicated for the prevention of nausea and vomiting associated with motion sickness and recovery from anesthesia after surgery in adults.

  • 10

    Aug

PRGO Perrigo

06/05/17
RBCM
06/05/17
DOWNGRADE
RBCM
Underperform
Perrigo downgraded to Underperform from Sector Perform at RBC Capital
06/05/17
RBCM
06/05/17
DOWNGRADE
RBCM
Underperform
Perrigo downgraded on multiple headwinds at RBC Capital
As noted earlier, RBC Capital downgraded Perrigo to Underperform from Sector Perform. Analyst Randall Stanicky says that the growth rate of the company's U.S. consumer business "has structurally re-rated lower" amid pricing headwinds and share losses. He adds that the pressures facing the company's generic business will intensify, while its EBITDA growth will be "limited" and it will have difficulty meeting its lowered, 2%-4% revenue growth target. Price target to $60 from $66.
06/05/17
06/05/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Andy Hargreaves saying upside from the launch of iPhone 8 is already reflected in the shares. An "extremely strong iPhone 8 cycle" is being priced into the stock while little weight is being given to gross margins, supply issues, or the likelihood for declines beyond the iPhone 8, Hargreaves tells investors in a research note. 2. Perrigo (PRGO) downgraded to Underperform from Sector Perform at RBC Capital with analyst Randall Stanicky saying the growth rate of the company's U.S. consumer business "has structurally re-rated lower" amid pricing headwinds and share losses. 3. Endocyte (ECYT) downgraded to Neutral from Outperform at Wedbush and to Market Perform from Outperform at Cowen. 4. Affiliated Managers (AMG) was downgraded to Neutral from Buy at Citi while Federated Investors (FII) was downgraded to Sell from Neutral. 5. Veeva (VEEV) downgraded to Equal Weight from Overweight at Morgan Stanley with the firm's analyst saying the 60%+ move in shares year-to-date captures much of the near-term upside in the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/17
CANT
06/16/17
INITIATION
Target $85
CANT
Overweight
Perrigo initiated with an Overweight at Cantor
Cantor Fitzgerald analyst Louise Chen started Perrigo with an Overweight rating and $85 price target.

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CBS News suspends Charlie Rose following sexual harassment claims, AP says 

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CBS

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MLNX

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BBY

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RELY

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RAVN

Raven

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ONTX

Onconova

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CTIB

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ZTO

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